Jamaica highway project funding from China

A loan from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.
February 23, 2017 Read time: 1 min
A loan from China will help pay for work on a major highway project in China. The US$326 million loan is being supplied by the Exim Bank of China. This will help pay for Jamaica’s Southern Coastal Highway Improvement Project. The funding will also help pay for the extension of the tolled east-west highway from May Pen, Clarendon to Williamsfield, Manchester. In all the highway work is expected to cost $384 million, with Jamaica paying for the remainder from its own budget.
Finance & Funding

Related Content

  • Zambia road funding from India
    May 31, 2017
    Funding from India will help pay for transport infrastructure development in Zambia. The financing package has been agreed between the Export-Import Bank of India (EXIM) and the Zambian Government.
    Read More
  • Zambia road funding from India
    May 31, 2017
    Funding from India will help pay for transport infrastructure development in Zambia. The financing package has been agreed between the Export-Import Bank of India (EXIM) and the Zambian Government.
    Read More
  • Road and bridge upgrades improving transport in Nepal
    November 1, 2019
    New road and bridge upgrades are being introduced in Nepal that will help improve transport and develop the country’s economy.
    Read More
  • Bangladesh highway development project for trade corridor
    October 27, 2017
    Funding worth US$1.2 billion will help pay for the stage two portion of the project to upgrade the Northwest Trade Corridor project in Bangladesh. The highway will improve transport connections to and from Dhaka, with stage two being for the 190km stretch between Elenga and Rangpur. This funding is being provided by the Philippines-based Asian Development Bank (ADB), although further financing from the Bangladesh Government will pay for the remaining $472.6 million required for this highway section.
    Read More

Highlighted Content